Section 44-40-1. – Short title.
§ 44-40-1. Short title. This chapter may be cited as the “Rhode Island Generation-Skipping Transfer Tax Law”. History of Section.P.L. 1981, ch. 264, § 1.
Section 44-40-2. – Definitions.
§ 44-40-2. Definitions. Except where the context otherwise requires, the words and phrases defined in this section are used in this chapter in the sense given them in the following definitions: (1) “Administrator” means the director of the division of taxation. (2) “Deemed transferor” has the same meaning as defined in 26 U.S.C. § 2601 […]
Section 44-40-3. – Tax imposed — Amount — Property in another state.
§ 44-40-3. Tax imposed — Amount — Property in another state. (a) A tax is imposed upon every generation-skipping transfer in an amount equal to the amount allowable as a credit for state legacy taxes under 26 U.S.C. § 2604. (b) If any of the property transferred is real property in another state or personal […]
Section 44-40-4. – Time for filing — Filing copy of federal return.
§ 44-40-4. Time for filing — Filing copy of federal return. Every person required to file a return reporting a generation skipping transfer under applicable federal statute and regulations shall file a return with the administrator on or before the last day prescribed for filing the federal return. There shall be attached to the return […]
Section 44-40-5. – Contents of return.
§ 44-40-5. Contents of return. The return shall contain such information and be in such form as the administrator may prescribe and shall state the amount of tax due under the provisions of this chapter. The return shall contain, or be verified by, a written declaration that it is made under penalties of perjury. History […]
Section 44-40-6. – Amended return — Filing — Increase or decrease.
§ 44-40-6. Amended return — Filing — Increase or decrease. If, after the filing of a duplicate return, the federal authorities shall increase or decrease the amount of the federal generation-skipping transfer tax, an amended return shall be filed with the administrator showing all changes made in the original return and the amount of increase […]